Stantec Inc. (STN) Given Average Rating of “Hold” by Analysts

Stantec Inc. (NYSE:STN) (TSE:STN) has earned an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $40.00.

Several research analysts recently weighed in on the stock. National Bank Financial cut shares of Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, February 22nd. TheStreet cut shares of Stantec from a “b” rating to a “c+” rating in a report on Monday, February 26th. Finally, Zacks Investment Research cut shares of Stantec from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 27th.

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Stantec (NYSE STN) opened at $25.50 on Wednesday. Stantec has a twelve month low of $22.25 and a twelve month high of $29.25. The firm has a market cap of $2,957.06, a PE ratio of 39.23 and a beta of 1.65. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.29.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.11). Stantec had a return on equity of 10.72% and a net margin of 1.88%. The firm had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $854.21 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. analysts predict that Stantec will post 1.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a $0.108 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 1.69%. This is a boost from Stantec’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, March 28th. Stantec’s payout ratio is presently 61.54%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guardian Capital LP boosted its stake in Stantec by 10.0% in the third quarter. Guardian Capital LP now owns 3,637,776 shares of the business services provider’s stock valued at $100,696,000 after acquiring an additional 329,933 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in Stantec by 5.4% in the third quarter. Mawer Investment Management Ltd. now owns 2,782,756 shares of the business services provider’s stock valued at $77,277,000 after acquiring an additional 141,970 shares during the last quarter. Luminus Management LLC boosted its stake in Stantec by 106.6% in the fourth quarter. Luminus Management LLC now owns 2,011,411 shares of the business services provider’s stock valued at $56,238,000 after acquiring an additional 1,038,000 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its stake in Stantec by 3.5% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 1,703,373 shares of the business services provider’s stock valued at $47,607,000 after acquiring an additional 57,900 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Stantec by 9.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,576,405 shares of the business services provider’s stock valued at $44,061,000 after acquiring an additional 138,709 shares during the last quarter. Hedge funds and other institutional investors own 56.48% of the company’s stock.

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Stantec Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.